April Membership Mingle: Business Insights: Cash is King

A recent survey of small businesses reported that 82% of owners either lack an understanding of how to manage cash flow or ineffectively execute wise cash flow practices.

Many business owners have an informal method of tracking cash that is predominantly kept in their heads while their business is small, but, as a business starts to grow and become more complicated, tracking becomes increasingly more critical and complicated. 

One of the top 5 reasons that a small business fails is the lack of cash or the lack of control over cash, join us for lunch as we learn more from Merri Schreiber, Vice President of Commercial Lending and Eva Rasmussen, Chief Strategy Officer at Northeast Bank, about how to prioritize a formal process for understanding and tracking cash flow.


                                             
    Merri Schreiber                                                          Eva Rasmussen  
    Vice President, Commercial Lending                      Chief Strategy Officer



About Membership Mingle:
From breakfasts to happy hours to lunch-and-learns, this monthly, informal networking series creates connections! Attendees have ample opportunities to share their one-minute commercial about their business or organization and learn more about businesses invested in our region. Hosted at Chamber member locations throughout the region, this series typically attracts individuals from a variety of backgrounds and industries. Investors in the program gain broad brand recognition due to the high volume of events held across our greater region throughout the year.